January 11, 2011 / 8:36 AM / 8 years ago

STOCKS NEWS EUROPE-German renewables move on sector note

Shares German solar cell maker Q-Cells QCEG.DE rise 3.3 percent after Barclays Capital upgrades the stock to “equal-weight” from “underweight in a sector review, while a downgrade to “equal-weight” by the same broker drags Phoenix Solar PS4G.DE down 3.5 percent. “After being one of the worst-performing sectors in 2010, we expect a less volatile year in 2011, though many of the headwinds that impacted the sector last year still remain,” the broker writes about the sector.

SMA (S92G.DE) also falls 2 percent after BarCap cuts the company to “equal-weight” from “overweight” while Wacker Chemie (WCHG.DE) gains 2.2 percent after being raised to “overweight” from “equal-weight”.

Reuters Messaging rm://christoph.steitz.thomsonreuters.com@reuters.net

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